Wolverhampton Council completes land deal with Placefirst

City of Wolverhampton Council completes a land deal with Placefirst for the transformation of its Canalside regeneration.

CGI of what the Placefirst Canalside development could look like - Wolverhampton City | BTR News
CGI of what the Placefirst Canalside development could look like.

City of Wolverhampton Council has reached a major milestone in its Canalside regeneration plans after completing a land deal with Build to Rent developer Placefirst. As the council’s chosen developer, Placefirst will now take possession of the city centre brownfield site at Lower Horseley Fields, adjacent to Union Mill Street.

The scheme has been designed by JM Architects, with WSP as planning and heritage consultants. Full planning permission has already been secured to deliver 366 new single-family Build to Rent homes and commercial space in the heart of Wolverhampton’s historic Canalside Quarter. The developer is now set to finalise delivery plans.

“This land deal marks a defining moment in the ongoing transformation of Wolverhampton’s historic Canalside Quarter. As our very first development in the Midlands, we are enormously proud to be delivering hundreds of sustainable, high quality new rental homes for this first phase of Canalside. We take our role as regeneration specialists extremely seriously and are passionate about breathing new life into areas in need of investment helping to support the creation of new jobs, prosperity, and much needed new housing. With this transformative new development, our goal is to deliver a new neighbourhood that both future residents and the wider Wolverhampton community can enjoy and take pride in.”

David Mawson, Chief Executive Officer, Placefirst

Working alongside the City of Wolverhampton Council, Canal and River Trust and West Midlands Combined Authority, the scheme will deliver a new canalside community as part of a wider regeneration project in the area. It will provide a mix of townhouses, new build apartments and commercial space.

Sensitive restoration of canalside heritage assets and major environmental improvements will be implemented in the scheme. Included in the regeneration and Placefirst’s commitment to placemaking, a new promenade, public open spaces, landscaping, and pedestrian access to the canal towpath will also be created, taking full advantage of the heritage waterways. 

“We have ambitious plans to regenerate Wolverhampton’s Canalside area and I am delighted we are now in a position where this transformational scheme can get on the ground. Placefirst will deliver a nationally significant development that not only brings back into use a large parcel of brownfield land but also enables the city to take advantage of our fantastic waterways, and the heritage that comes with it, to provide a sustainable community where people want to live and work, now and in the future. The scheme will also generate local jobs and boost our economic recovery. Urban living forms a critical part of how we are reimagining our city centre and will help us meet the increasing demand for housing. Canalside is a large and exciting opportunity, and the Council is working hard with its partners to provide the determined and skilful leadership needed to realise opportunities like this.”

Councillor Stephen Simkins, Council Leader, City of Wolverhampton

The new development forms part of Placefirst’s expansion into the West Midlands and joins its portfolio of national regeneration projects. Once complete, it will transform the former industrial area into a vibrant canalside community with a mix of housing options.